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  • Photo: ERS

16.01.2023

Artikel Nummer: 43477

Stepping into Vietnam


The Hong Kong-headquartered ESR Group has invested in an equity stake of the BW Industrial Development Joint Stock Company, by the way of an affiliate. This investment was part of BW’s larger primary capital raise of up to approximately USD 450 million that includes other strategic and financial investors in Asia.

 

BW is a major Vietnamese logistics and industrial developer with approximately USD 2 billion of gross assets under management (AUM), as ERS reported in a press release. Its current portfolio comprises the country’s largest land bank of more than 8 million sqm and more than 2 million sqm of gross floor area, with over 85% in the cities of Greater Hanoi and Ho Chi Minh City.

 

Since its inception in 2018, BW has developed entrenched relationships with close to 200 tenants from over 20 countries, the majority of which are e-commerce, last-mile delivery and resilient high-tech manufacturing players. In the framework of its APAC's strategy, it is ESR’s first entry in the Vietnam market. (cd)

www.esr.com

www.bwindustrial.com

 

 

 

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